GECINA : Invest Securities remains Buy, reduces its target
'The very satisfactory +7.5% rise in RNR per share has certainly benefited from strong indexation and continued strong reversion, but also from good operational and strategic management', stresses the analyst.
The 4.5% decline in office values over the past six months is likely to continue over the coming six months, but we believe that distribution capacity remains intact, against a backdrop of high visibility on five-year financial costs", he continues.
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